Download OWNERS MANUAL
Transcript
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ඖ+7 0DULQHWUDQVFHLYHU ඖ&1%( P$KUHFKDUJHDEOHOLWKLXP,RQEDWWHU\SDFN ඖ&$7,6 )OH[LEOHDQWHQQD ඖ&%+ 6SULQJORDGHGEHOWFOLS ඖ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ྙ32:(56:,7&+92/80(&21752/ 3RZHUVWKHWUDQVFHLYHURQDQGRIIDQGDGMXVWVYROXPHOHYHO ྚ648(/&+&21752/ 7RVHWWKHVTXHOFKURWDWHWKHFRQWUROIXOO\DQWLFORFNZLVH WKHQURWDWHWKHFRQWUROFORFNZLVHXQWLOWKHZKLWHQRLVHVWRSV ,I\RXRFFDVLRQDOO\JHWEUHDNWKURXJKRIXQZDQWHGQRLVH URWDWHWKHFRQWURODOLWWOHIXUWKHUFORFNZLVH ྛ386+727$/.6:,7&+ +ROGGRZQWRWUDQVPLWUHOHDVHWRUHFHLYH ྜ83'2:1EXWWRQV 6HOHFWWKHGHVLUHGFKDQQHOE\SUHVVLQJWKH83'2:1EXWWRQV )RUIDVWFKDQQHOVHOHFWLRQKROGGRZQIRUPRUHWKDQVHFRQG ྜྷEXWWRQ $PRPHQWDU\SUHVVRIWKLVEXWWRQUHFDOOVFKDQQHOIURPDQ\ ORFDWLRQ+ROGLQJWKLVEXWWRQIRUVHFRQGUHFDOOVFKDQQHO ྞ:;EXWWRQ ,PPHGLDWHO\UHFDOOVWKHZHDWKHUFKDQQHOV ྟ6&$1EXWWRQ 6WDUWVVFDQQLQJSURJUDPPHGFKDQQHOV ྠ0(0EXWWRQ 0HPRULVHVDGHVLUHGFKDQQHOIRUVFDQQLQJ ྡ$%EXWWRQ ,PPHGLDWHO\UHFDOOVXSWRXVHUGHILQHGFKDQQHOV ྡྷ+/EXWWRQ 3UHVVWKLVEXWWRQIRURQHVHFRQGWRWRJJOHEHWZHHQKLJKDQG ORZSRZHU ZDWWV ྣ/$03.(</2&. 0RPHQWDULO\SUHVVLQJWKLVEXWWRQLOOXPLQDWHVWKH/&'GLVSOD\ +ROGLQJWKLVEXWWRQIRURYHUVHFRQGDFWLYDWHVWKHNH\ORFN 7RGHDFWLYDWHSUHVVEXWWRQDJDLQ ྤ$17(11$&211(&725 &RQQHFWVWKHVXSSOLHGIOH[LEOHDQWHQQDRUDQRSWLRQDOH[WHUQDO DHULDODGDSWRU ྥ%$77(5<3$&. 5HFKDUJHDEOHOLWKLXP,RQEDWWHU\SDFNSURYLGHV'&SRZHU VRXUFHWRWKHWUDQVFHLYHU ྦ$&&(6625<&211(&725 7RFRQQHFWDQ\+7DSSURYHGDXGLRDFFHVVRU\ ྦ$&&(6625<&211(&725 ྤ$17(11$&211(&725 ྙ32:(56:,7&+ ྚ64/ ྣ/$03.(< /2&. ྡྷ+/ ྛ377 ྟ6&$1 ྞ:; ྜ83'2:1 ྜྷ ྠ0(0 ྡ$% ,175,16,&$//<6$)( &/$66(6,,, ,,, *52836$72*',9, ,,7 :$51,1* 68%67,787,212)&20321(1760$< ,03$,5,175,16,&6$)(7< 86('1/<:,7+(17(/%$77(5<&1%( '2127&+$5*(255(&+$5*(%$77(5< ,1+$=$5'286/2&$7,216 ྥ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¶&WR¶& : PPÝ + PPÝ ' PP 'LPHQVLRQV :HLJKW 5)W\SHDSSURYDO /9' (0& $7,6 J R] (19 (1$XJXVW$ (1 (76$QQH['HFHPEHU 75$160,77(5 5)RXWSXWSRZHU DW9'& 0D[LPXPIUHTXHQF\GHYLDWLRQ 6SXULRXVHPLVVLRQV $GMDFHQWFKDQQHOSRZHU :: +LJK/RZ ·NK] G% G% 5(&(,9(5 5HFHLYHV\VWHP 'RXEOHFRQYHUVLRQVXSHUKHWHURG\QH ,QWHUPHGLDWHIUHTXHQF\ VW0+] QGNK] 6HQVLWLYLW\ G%6,1$' G%P $GMDFHQWFKDQQHOVHOHFWLYLW\ G% 6SXULRXVUHVSRQVHUHMHFWLRQ G% ,QWHUPRGXODWLRQUHMHFWLRQUDWLR G% +XPDQGQRLVH G% $XGLRRXWSXW DW9'& P: GLVWRUWLRQ GLVWRUWLRQZLWKDQȳORDG &HUWLILFDWLRQ 867&&HUWLILHG ,QWULQVLFDOO\6DIH &ODVVHV,OO OOO *52836$72*',9, ,,7 ඖ7KH+7PXVWDOZD\VEHXVHGZLWKLQWKHWHUPVRILWVFHUWLILFDWLRQ ඖ.HHS+7DZD\IURPDJJUHVLYHVXEVWDQFHV,IXVHGLQDKRVWLOH HQYLURQPHQWH[WUDSURWHFWLRQPD\EHQHHGHG ඖ7RSUHYHQWLJQLWLRQRIKD]DUGRXVDWPRVSKHUHVEDWWHULHVPXVWRQO\ EHFKDUJHGRUFKDQJHGLQDQDUHDNQRZQWREHQRQKD]DUGRXV ඖ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ඖ'2127RSHUDWHWKHUDGLRZLWKRXWDSURSHUDQWHQQDDWWDFKHGDVWKLVPD\GDPDJHGWKH UDGLRDQGPD\DOVRFDXVH\RXWRH[FHHG)&&5)H[SRVXUHOLPLWV$SURSHUDQWHQQDLVWKH DQWHQQDVXSSOLHGZLWKWKLVUDGLRE\WKHPDQXIDFWXUHURUDQWHQQDVSHFLILFDOO\DXWKRUL]HGE\ WKHPDQXIDFWXUHUIRUXVHZLWKWKLVUDGLR ඖ'2127WUDQVPLWIRUPRUHWKDQRIWRWDOUDGLRXVHWLPH GXW\F\FOH 7UDQVPLWWLQJPRUHWKDQRIWKHWLPHFDQFDXVH)&&5)H[SRVXUHFRPSOLDQFH UHTXLUHPHQWVWREHH[FHHGHG7KHUDGLRLVWUDQVPLWWLQJZKHQWKH7;LQGLFDWRUOLJKWVUHG <RXFDQFDXVHWKHUDGLRWRWUDQVPLWE\SUHVVLQJWKH377VZLWFK ඖ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̱ *(5 ̱ 1(' ̱ ,7$̱ 125 ̱ $87 ̱ %(/ ̱ *5(̱ 68, ̱ *%5 ̱ /8; ̱ 6:( ̱ ,5/ ̱ (63 ̱ '(1 ̱ )5$ ̱ 325 ̱ ),1 ̱ &= 5HJLVWHUHG&RPPXQLW\'HVLJQ$SSOLFDWLRQ 86'HVLJQ3DWHQW3HQGLQJ1R &RS\ULJKWDQG8QUHJLVWHUHG'HVLJQ5LJKW(QWHO8. $OOULJKWVUHVHUYHG &RS\ULJKW(QWHO8./WG/RQGRQ5HSULQWHG$SULO